Bank
Stocks Outlook for the week – 08 to 12.12.2014
( www.rupeedesk.in )
Bank stocks are
likely to trade with a negative bias next week on profit taking and may
underperform the
broad market. Some correction is expected in bank stocks as investors may
book profits. The
overall bias is negative next week.
No major
macroeconomic data releases are lined up till Thursday. Consumer Price
Index-based
inflation data for
November and Index of Industrial Production data for October will be released
post market hours on
Friday.
Post the recent
run-up in stock prices, the valuations of private banks are treading above fiveyear averages, hence
leaving limited room for upside.
